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ETHUSD trades sideways in the past few sessions Fails to capitalise on completion of Dencun upgrade on Wednesday Momentum indicators ease but do not exit overbought zones ETHUSD (Ethereum) has been in a steep uptrend in 2024, surging to consecutive multi-month highs. However, the leading altcoin seems to be consolidating in the past few sessions despite […]

The post ETHUSD Trades Flat in Dencun Upgrade Aftermath appeared first on Action Forex.

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25/11/2024

European Equities are Cheap

Last week was marked by an improved sentiment in the US, but not so much in Europe. The US equities had a strong week: the S&P 500 rallied 1.68% over the week, Nasdaq 100 gained 1.87% – and that despite Nvidia that finally closed the week flat as the earnings disappointment kicked in with a […]
29/05/2024

Australia’s Inflation Ticking Up Despite Weak Retail Sales

Consumer inflation in Australia rose in April, contrary to the expected decline. Year-on-year price gains totalled 3.6% vs. 3.5% previously, and average forecasts of a decline to 3.4%. The inflation rate reached a plateau late last year, falling to 3.4%, but has been ticking upward for the past two months. Prices have added ten months […]
16/10/2024

GBP/USD: Dips Below 1.3000 on Weaker Than Expected UK CPI Numbers

Cable accelerated lower and cracked psychological 1.30 support, to hit the lowest in almost two months in early Wednesday. Sterling was down 0.8% in immediate reaction to economic data which showed that UK inflation fell more than expected in September and dipped below BoE’s 2% target, adding to bets for more rate cuts towards the […]